Advisory Firm Flunks Goldman's Pay Plan

By

Saabira Chaudhuri And

Joann S. Lublin

May 2, 2014 9:14 p.m. ET

Investor-advisory firm Glass, Lewis & Co. on Friday urged shareholders of Goldman Sachs Group Inc. to reject the New York investment bank's pay plan, and for the first time gave Goldman's pay-for-performance policies a failing grade.

The "F" grade that Glass Lewis handed out is the lowest mark the firm has given Goldman. It graded Goldman "D" the past two years and "C" in 2011. The grade is also the...